Southwestern Energy Company (SWN) Shares Bought by Tobam

Tobam increased its stake in Southwestern Energy Company (NYSE:SWN) by 23.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,923,977 shares of the energy company’s stock after buying an additional 548,439 shares during the period. Tobam owned about 0.58% of Southwestern Energy Company worth $23,889,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC increased its stake in Southwestern Energy Company by 164.8% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 7,282 shares of the energy company’s stock valued at $101,000 after buying an additional 4,532 shares in the last quarter. Macquarie Group Ltd. increased its stake in Southwestern Energy Company by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Southwestern Energy Company during the third quarter valued at $112,000. First Manhattan Co. increased its stake in Southwestern Energy Company by 29.3% in the first quarter. First Manhattan Co. now owns 8,904 shares of the energy company’s stock valued at $123,000 after buying an additional 2,020 shares in the last quarter. Finally, ARP Americas LLC bought a new stake in Southwestern Energy Company during the fourth quarter valued at $125,000. 98.21% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Southwestern Energy Company (NYSE:SWN)

Southwestern Energy Company (NYSE:SWN) traded up 3.95% during trading on Friday, reaching $7.11. 26,874,417 shares of the company’s stock were exchanged. The firm’s market capitalization is $3.52 billion. Southwestern Energy Company has a 52 week low of $6.81 and a 52 week high of $15.59. The stock has a 50-day moving average price of $7.60 and a 200 day moving average price of $9.09.

Southwestern Energy Company (NYSE:SWN) last posted its quarterly earnings data on Thursday, April 27th. The energy company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Southwestern Energy Company had a negative net margin of 187.25% and a negative return on equity of 2.58%. The firm had revenue of $846 million for the quarter, compared to analyst estimates of $765.03 million. During the same period last year, the firm posted ($0.08) EPS. Southwestern Energy Company’s quarterly revenue was up 46.1% on a year-over-year basis. Equities research analysts forecast that Southwestern Energy Company will post $0.68 earnings per share for the current fiscal year.

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SWN has been the topic of several research analyst reports. Zacks Investment Research raised shares of Southwestern Energy Company from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, February 7th. KLR Group reissued a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Southwestern Energy Company in a research report on Monday, February 27th. Citigroup Inc raised shares of Southwestern Energy Company from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, March 15th. Stifel Nicolaus initiated coverage on shares of Southwestern Energy Company in a research report on Thursday, March 23rd. They set a “buy” rating and a $10.00 target price on the stock. Finally, National Securities reissued a “buy” rating and set a $14.00 target price on shares of Southwestern Energy Company in a research report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.16.

About Southwestern Energy Company

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

12 Month Chart for NYSE:SWN

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